UK government sells 40% stake in Eurostar for £757.1m
March 4 , 2015
The British government announced its decision to sell its 40% stake in Eurostar to Patina Rail LLP for £757.1 million.
The Anglo-Canadian consortium would acquire the UK government’s entire share of the cross-channel rail service, as per the deal.
The national railways of France and Belgian will continue to own the remaining shares of the high-speed train service.
Describing it as a “very good deal”, UK Chancellor of the Exchequer George Osborne said it had fetched “far more” than people’s expectations.